WEEKLY TRENDSETTER ( JAN 30,2026)
| 2026 | JAN 16 | JAN 23 | Ch % |
| NIFTY | 25694 | 25048 | -2.51 |
| BANK NIFTY | 60095 | 58473 | -2.70 |
| USD/INR | 90.77 | 91.88 | 1.22 |
MARKET REVIEW– The week was totally in the control of bears from the beginning itself. While below expectation results were punished, some encouraging ones were given thumbs up. Indices slipped 2.5% during the week which explains the savage correction and Nifty has even pierced the 200-day moving average. Going into expiry to be followed by the Union budget there is lot to look forward to next week.
BACK TO RESULT SEASON
Dec quarter results are trickling in. Let’s explore some of them to get cues of where the stocks could be heading.
Rs in cr, Bracket indicates ch in % against Dec,24 quarter. Loss as in absolute number
| Company | Revenue | Net profit |
| SML Mahindra | 539(+62) | 18(+1700) |
| Krishana Phoschem | 659(+116) | 33(+57) |
| Jyoti Structure | 209(52) | 17(+54) |
| Le Travenues | 318(+31) | 27(+58) |
SML Mahindra (3676) – This company was previously known as SML Isuzu is a commercial vehicle manufacturer since 1983.In Aug 2025 Mahindra acquired 59% stake of Sumitomo Corpn (44%) and Isuzu Motors (15%) respectively. It manufactures trucks, buses, special application vehicles like police van, ambulance, garbage collector, service van, etc. It has posted healthy results for the Dec quarter. However, with Mahindra entering as a new promoter, the fortunes of the company could improve substantially. For the 9-month period the company has posted EPS of Rs 72 and could end the year with an EPS of around 125.
Krishana Phoschem-(489)-The company manufactures and markets a range of fertilizers and chemicals, including SSP, DAP/NPK complex fertilizers (under brands like ‘Annadata’ and ‘Bharat’). On q-t-q basis margins have improved though sequentially it seems to be under pressure. It looks heading to post EPS of around Rs 20. It is on a correction mode after a terrific run in 2025 from levels of 240 to 600.
Jyoti Structure (9.04)-The company creates facilitates for transmission of extra high-voltage electric power. It delivers turnkey projects involving designing, testing, manufacturing, erecting and commissioning transmission lines, sub-stations and power distribution projects in India and abroad. It is on a revival mode after a difficult period. For the Dec quarter it has posted good growth in revenue and bottomline. The stock has been beaten down to levels below 10 in the past few quarters. Interestingly ESOPs have been granted with exercise price of Rs 5. It has posted EPS of Rs 0.31 for the 9-month period.
Le Travenues (205)-Listed as IXIGO it is into travel technology and provides a platform for booking of tickets. Its revenue comes from commissions, convenience fees and advertising, serving over 55 crore users as of FY25.It got listed 2 years back and after a euphoric debut, the stock has slid considerable ground. While revenue has shown a steady growth, profitability has not kept pace. With EPS barely Rs 1.50 the high valuation is a cause of worry with growing competition.
NIFTY –The index went on a tail spin as soon as it broke the previous week ‘s low of 25473 and by close of week had plunged below the 200-dma of 25140 and just managed to close above 25000.It does look oversold and with expiry on the first day of trading next week after a 3-day gap, volatility could be high and ideally 24900 -25200 could be the range.
BANK NIFTY-The index which was a strong pillar started showing cracks towards close as 59000 got breached on the downside. It is relatively better placed as the 200-day dma lies at 56610.In the near term it looks oversold and could find support around 57800 while on the upside 59600 and above could be immediate hurdles.
STOCKS BUCKING THE TREND
In a market where stocks are falling like nine pins, there are some which are resilient or even rising. A couple of them are: –
1.Bajaj Consumer (306) -The company has some strong brands which are household names like Bajaj Almond hair oil, shampoo, body lotion, coconut oil, Brahmi Amla to name a few. It has a niche market segment which is steadily growing. The company has also benefitted from the recent GST cuts and that is reflected in performance for the Dec quarter. Since Sept 25 the stock has risen sharply from levels of Rs 225
2.South Indian Bank (45)-This banking counter has been steadily rising and is trading at an all-time high price. While performance has been strong to support the price rise there is another interesting aspect to the bank. Retail investors hold 60-70 % of the shares and no specific promoter entity is there.FII s hold 20% stake.
Wishing all readers a great week ahead!
Note: Any queries /clarifications may be addressed to stockmasala@gmail.com .
Krish Subramanyam
DISCLAIMER: Kindly note that I am not SEBI registered and the above content is for educational/informational use only and users should consult a registered professional before investing.